Trade Ideas Position: GBPAUD Shark

Mar 5, 2020A bearish shark pattern that converges with the 5-0pattern for a shorting opportunity forms at the peak of the band isn't that great?

Don't underestimate the small wick over there, it is close to 50pips difference, and the tip of the 5-0 Pattern happens to be the HOP(Harmonic Optimal Price) on the bearish shark setup.

I've placed a sell limit order to engage this trade, and that gives me a fantastic Reward: Risk. Aggressive Traders can decide if they are going to enter the trade.

Mar 6, 2020

Trade active

SLE: 1.9637(+8)